The Accelerating Change of Technology Adoption in the Yachting Industry
The company I work with (Axxess Marine) entered the market a decade ago as a disrupter in the communications vertical and continues to shake things up with innovative service and technology offerings-- we feel a certain kinship to the companies featured throughout the innovation section of the magazine. It’s so important to cheerlead the great strides taken by our comrades in innovation, and we are both emboldened and inspired by the efforts made to get these radical new products, programs and designs leveraged and launched.
The State of Wealth, Luxury and Yachting 2016 (another great report not to be missed, powered by facts and figures from superyachtiq.com) reports that there were 4,476 super yachts in the world as of early 2017 and an average of 150+ new yachts are ordered across the industry each year. More than ever, the speed of technology innovation and implementation is key.
What will the impact of renewable energy, solar power innovation, and the Internet of things (IOT), be on the yachts currently on order and under production throughout the industry? The time from design to adoption of new systems and services is shrinking in the global market place, while technology is growing exponentially. If we were to apply Moore’s Law whilst considering the new builds, one can’t help but take into account the impact on the 4-5 year contract time from vessel order to delivery. Further, how does the industry effectively keep abreast and implement the ever-updating new technologies before, during and after refits?
Moore’s Law: the observation that the number of transistors in an integrated circuit doubles every two years or so. We’re also familiar with the plethora of corollaries to the law, pertaining to everything from network speed to hard drive capacity to the number of pixels in our digital cameras. It seems that the natural behavior for technology advancement follows an exponential growth curve. Excerpt from Wired magazine Innovation Takes the Exponential Express
It’s an exciting time to be a part of this amazing industry.
While Axxess Marine continues to push forward with development and launch of ‘game changing’ technologies, hardware and services, (its our modus operandi) we are always on the look out for modifications and permutations that will offer our clients improved efficiencies, program enhancements while being mindful of environmental stewardship.
Given that, we are always interested in hearing more about how ship builders and service providers position their teams in a manner that empowers said teams to innovate, adopt and deploy onboard technology in keeping with a client’s hunger to have the most cutting edge and up-to-date onboard systems money can buy.
What are you most excited about for the coming year for your company and business vertical? How do you manage the speed of innovation design and adoption for your company, team and clients? Have a product, service or application Axxess Marine should know about it? We want to hear from you.
Carpe Diem Kym